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Thursday, August 16, 2018 1:37:10 PM
EFLN has a $0.0064 a share Solid Positive Book Value (excluding the so-called $500M worthy "Gold Reserves" value)! Even in the worst situation (say EFLN is removed completely) as the shareholders we still have the right to demand the company to liquidate all their business assets and liabilities in order to pay out all our common shares which would give us at least $0.0032 per share Liquidation Value and that is 32 Times of current Bottom price!
Therefore why anyone here would bother to sell their EFLN shares at the Lowest-Possible price 0.0001 while they could get $0.0032 per share Huge Buy-Out offering price from the company?
From the chart below we can tell EFLN did hit 0.0069 (which is higher than its $0.0064 per share Book Value) in 2017!
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